Real Estate Owned Appraisals in Spokane County

For a property in foreclosure, you need to recognize the difference between market and a "quick disposition" value to know your potential charge-off liability. Hearthstone Appraisal has the experience in both providing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.

	The professionals at Hearthstone Appraisal have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Hearthstone Appraisal.

Owners of property in foreclosure could be unwilling to allow an inspection of the home, thus presenting special challenges. Sometimes the subjects show signs of vandalism, often at the hands of the residents. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for extended periods of time.

For a home that has returned to REO, you typically will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for looking at the value of the real estate at hand:

• As Repaired. Possible market value with the work required to make the house marketable at full market value - consistent with other real estate in the neighborhood
• As-is. The market value of the house without any work performed
• Quick sale. With minor investment in repairs - to sell the property quickly, possibly to someone who'd rather finish the job themselves